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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, June 15, 2007

Futures Trading levels and Economic reports for June 18

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
An extremely volatile week is behind us, the end result for now is a run back at the previous highs....
 
Next week is a bit lighter on the report side but I am sure market participants have a lot to digest with the big moves we have witnessed in bonds and stock indices.
 
Have a nice weekend and be ready for a new week of trading.
 
 
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1559.37 1983.00 13936 864.92
Resistance 2 1556.63 1978.00 13876 862.08
Resistance 1 1551.97 1973.00 13816 858.92
Pivot 1549.23 1968.00 13756 856.08
Support 1 1544.57 1963.00 13696 852.92
Support 2 1541.83 1958.00 13636 850.08
Support 3 1537.17 1953.00 13576 846.92
         
Contract  August Gold June Euro July Crude Oil Sept. Bonds 
Resistance 3 666.30 1.3534 69.19 107  5/32
Resistance 2 662.90 1.3482 68.75 106 25/32
Resistance 1 660.80 1.3451 68.37 106 16/32
Pivot 657.40 1.3399 67.93 106  4/32
Support 1 655.30 1.3368 67.55 105 27/32
Support 2 651.90 1.3316 67.11 105 15/32
Support 3 649.80 1.3285 66.73 105  6/32
 
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, June 18, 2007


Economic
01:00pm Jun NAHB Housing Market Index (last 30)
Events
Fed's Minehan gives Welcome Remarks at Bank conference in MA at 7:00pm. Trading Ex-split: ADVNA 3-2, BNHNA 3-2, BWLD 2-1, MIDD 2-1.
Earnings
Before the Open: CMED. After the Close: CWST.
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com 
http://www.E-Futures.com 
ilan@cannontrading.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note: 
Trading commodity futures and options involves substantial risk of loss. 
The recommendations contained in this letter is of opinion only and does not ensure any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results. 
 

posted by Cannon Trading at 1:07 PM

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